Beech Hill Advisors Inc. Sells 291 Shares of McDonald’s Co. (NYSE:MCD)

Beech Hill Advisors Inc. decreased its holdings in McDonald’s Co. (NYSE:MCD) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,296 shares of the fast-food giant’s stock after selling 291 shares during the period. Beech Hill Advisors Inc.’s holdings in McDonald’s were worth $2,115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCD. American Century Companies Inc. raised its position in McDonald’s by 1.9% during the second quarter. American Century Companies Inc. now owns 48,190 shares of the fast-food giant’s stock valued at $12,281,000 after purchasing an additional 915 shares in the last quarter. Perennial Investment Advisors LLC lifted its position in shares of McDonald’s by 5.9% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,555 shares of the fast-food giant’s stock worth $396,000 after buying an additional 86 shares during the last quarter. Financial & Tax Architects LLC boosted its stake in McDonald’s by 11.5% in the second quarter. Financial & Tax Architects LLC now owns 22,136 shares of the fast-food giant’s stock valued at $5,641,000 after buying an additional 2,287 shares in the last quarter. Wealth Alliance grew its position in McDonald’s by 1.7% in the second quarter. Wealth Alliance now owns 5,610 shares of the fast-food giant’s stock valued at $1,430,000 after acquiring an additional 95 shares during the last quarter. Finally, E Fund Management Co. Ltd. raised its stake in McDonald’s by 11.9% during the second quarter. E Fund Management Co. Ltd. now owns 4,483 shares of the fast-food giant’s stock worth $1,142,000 after acquiring an additional 476 shares in the last quarter. 70.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Desiree Ralls-Morrison sold 3,409 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $290.15, for a total transaction of $989,121.35. Following the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at approximately $2,807,201.25. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Marion K. Gross sold 1,499 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $294.51, for a total transaction of $441,470.49. Following the completion of the transaction, the executive vice president now owns 1,560 shares of the company’s stock, valued at approximately $459,435.60. The trade was a 49.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,704 shares of company stock valued at $2,829,428 over the last ninety days. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Down 1.5 %

Shares of NYSE MCD traded down $4.36 during mid-day trading on Thursday, hitting $277.94. The company had a trading volume of 378,088 shares, compared to its average volume of 2,710,426. McDonald’s Co. has a 1 year low of $243.53 and a 1 year high of $317.90. The company has a market capitalization of $199.18 billion, a price-to-earnings ratio of 24.40, a P/E/G ratio of 3.67 and a beta of 0.73. The stock’s 50-day moving average price is $293.43 and its 200-day moving average price is $286.83.

McDonald’s (NYSE:MCD) last posted its quarterly earnings data on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.05. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the previous year, the firm posted $3.19 EPS. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that McDonald’s Co. will post 11.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on MCD shares. Truist Financial decreased their target price on shares of McDonald’s from $350.00 to $342.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Baird R W lowered shares of McDonald’s from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on McDonald’s from $285.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. KeyCorp boosted their price objective on McDonald’s from $305.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group upped their target price on McDonald’s from $284.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.39.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.